$8.1m Highest House Sale 2022 45 Total Apt Sales 2022 $8.3m Highest Apt Sale 2022 18 Total House Sales 2022 Mark Jackson & Dolan Reskov McMahons Point Specialists However the sharp increase in interest rates and general unpredictability have caused a correction in prices from their peak in 2021. Sales activity in the area has also decreased around 20%-30% across all price points and kept turnover of property at a minimum. And while prices have since cooled from their peak across the city, McMahons Point’s property market continues to fetch impressive prices, particularly for the reason that it’s one of Sydney’s most sought after areas. After all, McMahons Point is an area which is always in demand and is considered a premium address with all demographics including families, downsizers, professional couples and investors, all drawn to the cosmopolitan lifestyle, village atmosphere and of course its proximity to Sydney Harbour and CBD. Although for conditions to heat up again, many buyers will want to see rates leveling off, creating a very competitive and challenging market leading into 2023. Buyers are more cautious and clearly hungry to secure A grade, quality properties, with the B grade properties taking longer to sell. This means that buyer management has never been more crucial and when choosing a sales agent, it is important to select an agency with a great reputation and broad reach who will instil confidence in a purchaser’s decision. Buyers will be back with a vengeance once they see interest rates eventually stabilise and presenting your home in its best possible way will be more important than ever. This is where we can be of assistance with advice and knowledge on how to achieve the most from your property and we welcome your call for a confidential discussion. 2022 has seen the property market experience a flat patch, but property is a long term hold and the foundations are strong. The McMahons Point property market has been one of the strongest and most consistent performers over recent years, with property prices reaching record highs during the peak of Covid-19, with McMahons Point being one of the leaders in the market. McMahons Point Property Report 2022 Welcome. Mark Jackson | 0424 607 145 Dolan Reskov | 0416 457 011
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